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Maximizing University Research Impact through Commercialization

Learn how university inventions in daily use impact food, health, and big hits sectors, and discover the economic impact of commercializing research. Understand the licensing process and the economic benefits it brings.

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Maximizing University Research Impact through Commercialization

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  1. Commercializing University Research John Fraser Director, FSU Office of Technology Transfer and Corporate R&D www.techtransfer.fsu.edu

  2. University inventions in daily use • FOOD • Pablum - U of T • Strawberries - U of Calif. • Vitamin D in Milk - Wisconsin • Gatorade - U of Florida • Hybrid Corn - U of Iowa - 70% • HEALTH • Hepatitis B Vaccine - SUNY, U of Calif. • CEA - Cancer Diagnostic - Cancer of the Bowel - McGill • Nicotine Patch - U of Calif. • Insulin - U of T • MRI - Oxford

  3. University inventions in daily use • BIG HITS • Netscape Browser - U of Illinois • Rat Poison - Warfarin • Biotechnology Patents - U of Calif. & Stanford • 3TC - AIDS - McGill • Synthetic Taxol - Florida State U

  4. AUTM Data FY1991-2000Created by Lou Berneman (UPenn)/ altered by John Fraser (FSU) $200B + Research $2M : 1 disclosure 100,000 disclosures (discoveries) • Commercial potential • Technical advantages • Protectability • Inventor profile Opportunity Assessment (Triage) Only 50% of disclosures 50,000 Patent Applications License Income Only 25% of disclosures 3.1 % of Research Base 50% < $ 10k cum 0.6% > $ 1 M/yr. 2,500 Start - ups 2.5% 25,000 Licenses Positive exit (liquidation)

  5. Licensing • A legal arrangement where the corporation is granted legal rights to commercialize the university invention, with agreed to ‘due diligence’ milestones. • The reward for each is a new profitable product serving a market for the public benefit and a 5% royalty to the University. The risk is lack of expected success for investments.

  6. Existing Company / New Company • www.autm.net , click (surveys) • in FY 2000, • $ 29.5 billion in R&D expenditures on 190 campuses. • 20,968 active licenses; 25% with product sales • 4,362 new licenses/options of which 454 to new startup companies (56% with equity to U)

  7. Economic Impact • $ 800 million in royalties • 250,000+ jobs • $ 40 Billion in sales / investment capital http://www.nasvf.org/web/allpress.nsf/pages/5415.

  8. Wrap - Up

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